The post How US Election Could Shape The Future Of ETF Market? appeared on BitcoinEthereumNews.com.

The United States elections could have a huge impact on spot Bitcoin ETFs adding to already notched gains in the market. For most of the year, these exchange-traded funds dominated market narratives as they opened up a new investment window for traditional firms leading to massive inflows in the sector. The price of the asset and the general market have been impacted by ETFs with assets tapping a wider adoption.  The long run to spot Bitcoin ETF approval saw the Securities and Exchange Commission (SEC) reject several attempts citing possible market manipulation among stakeholders and investors. This sparked a wider criticism and deepened the existing battle between the financial regulator and crypto firms. As a result, crypto-friendly firms sued the Commission leading to eventual action by the SEC. The landmark Grayscale judgment remains pivotal to the approval of ETFs. These funds have led to a new state in the crypto market from adoption to investments and innovation.  Impact of US Elections on Spot Bitcoin ETFs  For most users, the biggest impact of crypto ETFs is the added legitimacy it ushered into the space. On the other hand, a cross-section of users say its major impact is on inflows to the markets. Whatever the case may be, upcoming US Presidential elections will affect both narratives. Seen as a potential uphill driver of the market should pro-crypto candidates get elected, the winner of the Presidential seat will determine the general market sentiments.  On one hand, former President Donald Trump who has gained the blessings of many within the space termed the ’crypto President.’ Trump has courted Bitcoin supporters making pro-industry statements and assuring institutional investors that his administration will not go to war with the asset. This is tipped as a great start and a narrative pushed by crypto enthusiasts that will…

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Filed under: News - @ September 4, 2024 2:07 am